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Great expectations but poor results: financial and social performance of the Toscana Energia merger
University of Zaragoza.
Kristianstad University, School of Health and Society, Avdelningen för Ekonomi.
2012 (English)In: Public Money & Management, ISSN 0954-0962, E-ISSN 1467-9302, Vol. 32, no 1, 69-74 p.Article in journal (Refereed) Published
Abstract [en]

This article investigates the importance of mergers in the public sector , analysing the case of T oscana Energia—a gas supplier in Italy. T oscana Energia was formed by merging three entities. There was no improvement in financial performance after the merger. Realistic merger benefits include competitive gains and, in this case, a better deal for consumers. P oliticians under pressure to merge should insist on the public sector being the majority owner in utilities. The best merger outcomes are of smaller municipal enterprises.

Place, publisher, year, edition, pages
2012. Vol. 32, no 1, 69-74 p.
Keyword [en]
Gas industry, public sector mergers, public utilities, regulation, Toscana Energia
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hkr:diva-9256DOI: 10.1080/09540962.2012.643067ISI: 000302411300015OAI: oai:DiVA.org:hkr-9256DiVA: diva2:524637
Available from: 2012-05-03 Created: 2012-05-03 Last updated: 2013-11-18Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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